This Hydrofluoric Acid Market research report identifies and analyses the emerging trends along with major drivers, inhibitors, challenges and opportunities in the market. Market segmentation is also covered in detail by considering several aspects that is sure to help businesses out there. Market definition studies the market drivers and market restraints with which businesses can get idea of whether to increase or decrease the production of a particular product. Besides, this Hydrofluoric Acid Market research report makes clients aware about the various strategies that are used by key players of the market.
Global hydrofluoric acid market is expected to rise to an estimated value of USD 7077.51 million by 2026, registering a substantial CAGR of 5.75% in the forecast period of 2019-2026. Increasing demand of hydrofluorocarbons and increasing usage of hydrofluoric acid in various applications is the major factors for the growth of this market.
Hydrofluoric acid is an inorganic acid which is a solution of the hydrogen fluoride in water. They are usually highly destructive in nature and are colorless. These solutions are widely used for fluorinated derivative production, metal pickling, uranium fuel production, glass etching etc. These solutions can destroy concrete, glazes and enamels easily
Global Hydrofluoric Acid Market Segmentation:
DHF (Above 50% Concentration)
DHF (Below 50% Concentration)
Fluorinated Derivative Production
Glass Etching and Cleaning
Uranium Fuel Production
Regions & Top Countries Data Covered in this Report are: Asia-Pacific (China, Southeast Asia, India, Japan, Korea, Western Asia), Europe (Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland), North America (United States, Canada, Mexico), Middle East & Africa (GCC, North Africa, South Africa) , South America (Brazil, Argentina, Columbia, Chile, Peru).
Few of the major competitors currently working in global hydrofluoric acid market are Dongyue Group, Daikin Airconditioning India Pvt. Ltd., Honeywell International Inc., Solvay, Mexichem, LANXESS, Sinochem, Ying Peng Group, Fluoride Action Network, Fluorchemie, Shaowu Yongfei Chemical Industry Limited Company, Gulf Fluor, Shaowu Huaxin Chemical Industry, Navin Fluorine International Limited, Tanfac Industries Ltd, SRF Limited and others.
Key Developments in the Market:
In March 2015, Alkeema acquired the Solvay’s Porto Marghera plant which produces hydrofluoric acid. This acquisition will allow the company to manufacture high- performance polymers like sulfone polymers, ultra-high performance aromatic polymers, fluoroelastomers, fluorinated fluids etc. This will also help the company to expand their business in healthcare, packaging, oil& gas, aerospace among others
In April 2016, Gower Chemicals Limited announced that they have acquired new Dilution plant Sherburn which was previously under the Thor Developers Ltd portfolio. This will help the company to expand their chemical distribution and chemical management services so that they can meet the needs and requirement of their customers. The acquisition increases the production of hydrofluoric acid
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.